DFC Global Lowers Outlook and 2 Other Stocks At 52-Week Lows
DFC Global Corp. (NASDAQ:DLLR): Closing price $13.04
Shares of DFC Global and those of a few of its peers in the alternative financial services (“payday lending”) industry slid after DFC posted worse than anticipated earnings per share guidance for its third quarter, and reduced its profit outlook for the full year. On Monday, the firm said it expects earnings per share for the three months ended March 31 at between 20 and 24 cents, versus the consensus forecast of 63 cents; DFC also dropped its fiscal 2013 earnings per share guidance to between $1.70 and $1.80 from its prior estimate of $2.35 to $2.45. The firm cited problems caused by new regulations in the United Kingdom. Shares closed down 21.63 percent on the day at $13.04, but have been traded in a 52-week range of $15.06 to $20.50.